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20121027
20121104
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of sandy. why government coming to the aid of those hit by the storm is now a rallying cry for bigger, more expensive government. that big debate and a lot more still ahead on "the closing bell." oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on the internet that isn't true. where did you hear that? [ both ] the internet. oh look. here comes my date. i met him on the internet. he's a french model. uh, bonjour. [ male announcer ] state farm. more mobile than ever. get to a better state. >>> welcome back. we want to show you some shots of new jersey, one of the hardest hit states as a result of hurricane sandy. president obama in new jersey with governor chris christie touring some of the hardest hit areas of the state. is this brigantine, nng? this is certainly new jersey and we want to show you some of the other pictures if we can and take you back to the president an
between the two campaigns and two visions. one says that government should get out of the way and let the private sector do its job. one, the president's campaign, said government's important. at a time like this, people are reminded as clearly and as graphically as they can be how important government is, how important it is that fema does its job and the state of new jersey and governor christie and his people do their job and that andrew cuomo and mayor bloomberg do their job. so government matters. this brings that home to people. >> what about the idea that people are just upset? you've got millions of people still without power. you've got, you know, all of this cleanup going on. isn't there some truth to the idea that people are just not happy right now and they go against the incumbent as a result of that, for no other reason just because mother name impacted their lives? >> the people are smarter than that. as long as they see the relief efforts are moving quickly and that the president or governors or mayors are doing everything they can, they're going to appreciate those ef
up primarily by the federal government. in concert with local and state governments. the federal government pays the bulk of the bill. and you have a large number of states. and my guess is, this is going to be extensive damage from a financial point of view, which federal government through fema, federal emergency management agency, et cetera, ultimately winds up paying for. state and locals pay a portion of it. but it's a small portion. i don't believe that's going to have a significant impact long term. the expenses diffused. it's not good for state and local governments because we're already under a lot of pressure but i think that's going to be manageable. and i don't think it's going to have a major impact. i just -- your question earlier on when do the markets get up and running and is there a delay, i think if there's an economic impact, that would be it. that's why the white house is concerned. i'm going to be reaching out to secretary geithner to make sure we're coordinated to everything we can to get wall street everything it needs to be operational as soon as possible
. that equated to over 5,000 jobs. to be honest, i don't think the government on both sides has done enough to stimulate the economy and really create jobs in america. i'm glad to see the number go down it, but let's face it, we still have 14 million people unemployed. certainly so many people are being left behind and we need to do more. i also am very concerned about the states in which we have 42 of the 50 states facing a budget deficit. as a result of that, we're going to see cuts in social services. these are the kind of things that i hope whoever is elected president will be able to work with both sides and finally see the bipartisan cooperation that we need to lead the country out of the situation that we're in. as i said, my vote is for the president. >> all right. we'll leave it there. howard, good to talk with you. thanks so much. >> thank you. >> see you soon. howard schultz joining us at starbucks. let's get to bertha coombs with a market flash update. >> priceline beating the street on earn this afternoon. revenues topped expectations at $1.71 billion compared to $1.66 billion
're not seeing much demand. on the job front, the seasonal adjustments the government has in place, it's a five-years process. they tend to overstate the second half jobs numbers and understate the first half. >> second half of the year? >> yeah. >> why? >> because they're ov overcompensating for what happens in 2008. the bottom fell out in 2008. they adjust up for that. 2010 was really strong. they're under in the first half. they're compensating for that. so that understates. >> in all of this, with all of these uncertainties and what we're faced with in the economy, on the heels of sandy, how do you want to allocate capital? what are you telling investors? >> well, in terms of where the liquidity is going, because we have these liquidity ways, i think you want to be in shorter duration assets if you're going to look at the fixed income markets. you have to believe rates are going to go up. then you have to look at equity groups. that's where the last waves go into the more risky assets. >> and you're seeing that? >> yes. >> all right. we'll leave it there. chip, good to have you on the progr
Search Results 0 to 4 of about 5